Platts to launch several Asian low sulfur bunker assessments September 1

S&P Global Platts will launch delivered low sulfur marine fuel and marine gasoil assessments at several Asian ports from September 1, 2020.

These assessments will be launched at Sydney, Melbourne, Mumbai, Colombo, Kuwait and Khor Fakkan in the UAE.

The International Maritime Organization's mandate to limit sulfur to a maximum 0.5% for all marine fuels from January 1, 2020, has led bunker markets globally to switch away from high sulfur fuel oil to IMO-compliant fuels.

Platts understands that trading in the above bunkering locations has almost fully transitioned to low sulfur marine fuels.

In line with Platts specifications for Marine Fuel 0.5% sulfur cargo, barge and bunker assessments globally, the new bunker assessments will reflect specifications for RMG fuels as defined by the International Organization for Standardization in document ISO 8217:2010 Petroleum products -- Fuels (class F) -- Specifications of marine fuels, but with a maximum sulfur limit of 0.5%, and a minimum viscosity of 30 CST at 50 degrees Celsius.

Also in line with Platts specifications for marine gasoil assessments globally, the new marine gasoil assessments will reflect specifications that generally conform with that of DMA, ISO 8217:2010, with a 0.1% sulfur maximum limit.

Delivered bunker fuel assessments in Asia and the Middle East reflect 500-1,500 mt parcels for delivery 5-10 days forward from the date of publication, while marine gasoil assessments reflect volumes of 50 mt and above.

Prices assessed for these markets reflect activity reported to Platts throughout the day, and values for all reported trades are always normalized to reflect the prevailing value of the market at 5:30 pm in Singapore.

Platts methodology and specifications guide for global bunker fuel assessments can be found here: http://plts.co/ZsTb30qVBep

The new assessments will be published in Platts Bunkerwire, Bunkerwire Monthly, and on fixed pages PGB 2850, PGB 2851, SHP 0210 and SHP 0211, in the Platts database under the following codes, and in Bunkerworld.

Assessments Code Mvg

Sydney MF 0.5% MFDSY00 MFDSY03

Sydney MGO 0.1% MGDSY00 MGDSY03

Melbourne MF 0.5% MFDMB00 MFDMB03

Melbourne MGO 0.1% MGDMB00 MGDMB03

Mumbai MF 0.5% MFDMM00 MFDMM03

Mumbai MGO 0.1% MGDMM00 MGDMM03

Colombo MF 0.5% MFDCL00 MFDCL03

Colombo MGO 0.1% MGDCL00 MGDCL03

Kuwait MF 0.5% MFDKW00 MFDKW03

Kuwait MGO 0.1% MGDKW00 MGDKW03

Khor Fakkan MF 0.5% MFDKF00 MFDKF03

Khor Fakkan MGO 0.1% MGDKF00 MGDKF03

Please send any feedback, question or comments to asia_products@spglobal.com and pricegroup@spglobal.com.

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